The EUR/USD pair fell during the course of the session on Monday, dipping below the 1.36 level at one point in time. The market looks like it’s ready to continue going lower, perhaps down to the 1.35 handle. That is an area that is massively supportive, but at the end of the day we believe that this is going to be more of a drift sideways with a downward bias until the ECB meeting on Thursday. At this point time, we feel that this is a market that’s probably going to be best avoided for the next couple of sessions.
